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TUKWILA, WA-Loews Cineplex Entertainment, which filed for bankruptcy in February, owns the 1,228-seat theater, which will likely be razed in favor of a restaurant called Bahama Breeze.
LONDON-Research from the Royal Institution of Chartered Surveyors reckons that the dark days of the early 1990s will not come back to haunt the UK housing market.
BOSTON-The cost of the Big Dig, the massive highway construction project in the heart of the city, goes up again and could go up even further in the coming weeks. Both the federal and the state legislature will not provide any more funds for the project.
RENTON, WA-About 1,000 engineering employees are moving from various buildings in Renton to its BOMARC Building in Everett. The Renton space will be backfilled by workers forced to abandon buildings damaged in the February earthquake.
SAN DIEGO-NorthMarq Capital's San Diego office has finalized a $4.8-million financing for PCR LP, an entity of Parrma Properties. The deal is for the fully leased Mission Corporate Center, a 54,929-sf office building along Mission Gorge Road.
HOUSTON-The Finger Cos. is turning over high-speed Internet and cable TV hookups to to US OnLine for the 334-unit Park Memorial Apartments in Houston. The deal adds 668 passings to the high-tech provider's growing multifamily portfolio.
PORTLAND-The three-story brick building is owned by Peter Nathan and family. Venerable Properties will oversee the estimated $5-million renovation, and is currently conducting a feasibility study for one or two additional stories.
SAN DIEGO-Pacific Tower in San Diego is the new location for a Southwest Eyecare Center surgical center in a five-year deal valued at more than $1.7 million. In San Marcos, Cingular has cut a 10-year deal, valued at $514,000, for the Home Depot Center.
JERSEY CITY-The financial services company will move its asset management division out of Manhattan, picking Harborside Financial Center over SL Green's Times Square area building.
SAN MATEO, CA-The office and industrial REIT's results are down 15% from the same quarter in 2000. The company is shedding its retail real estate as part of a larger capital redeployment program.